Analysts Set Expectations for Centrus Energy FY2024 Earnings

Centrus Energy Corp. (NYSE:LEU) – Stock analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Centrus Energy in a research report issued on Tuesday, November 19th. Roth Capital analyst J. Reagor now forecasts that the company will earn $1.67 per share for the year, down from their previous forecast of $1.92. Roth Capital has a “Hold” rating on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $2.40 per share.

Centrus Energy (NYSE:LEU) last issued its earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million.

A number of other equities analysts have also recently issued reports on LEU. B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Roth Mkm dropped their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Down 10.4 %

Shares of NYSE:LEU opened at $68.50 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. Centrus Energy has a 52-week low of $33.51 and a 52-week high of $118.36. The company has a market capitalization of $1.12 billion, a PE ratio of 14.30 and a beta of 1.19. The company has a fifty day moving average of $70.02 and a 200-day moving average of $52.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Centrus Energy by 4.9% in the third quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after buying an additional 15,080 shares during the period. Barclays PLC increased its position in Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock valued at $2,061,000 after purchasing an additional 19,140 shares during the period. XTX Topco Ltd bought a new position in Centrus Energy during the 3rd quarter worth approximately $615,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Centrus Energy in the 3rd quarter worth approximately $1,639,000. Finally, Stifel Financial Corp boosted its stake in shares of Centrus Energy by 48.2% in the 3rd quarter. Stifel Financial Corp now owns 21,301 shares of the company’s stock valued at $1,168,000 after purchasing an additional 6,929 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.